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The state agencies make up the machinery of government for the state. All agencies are within one of the three branches of the government of Oklahoma . Pursuant to the provisions of the Executive Branch Reform Act of 1986 , all executive branch agencies are organized under a Cabinet Secretary .
The Oklahoma Tax Commission (OTC) is the Oklahoma state government agency that collects taxes and enforces the taxation and revenue laws of the state. The Commission is composed of three members appointed by the Governor of Oklahoma and confirmed by the Oklahoma Senate. The Commissioners are charged with oversight of the agency but appoint an ...
The treasurer provides for the safe and efficient operation of state government through effective banking, investment, and cash management. The state treasurer has the powers of a typical chief financial officer for a corporation. [1] The State Treasurer of Oklahoma is Todd Russ, who was elected as State Treasurer in the 2022 election.
Income taxes are steadily increased as a major State revenue source since 1933 when the Oklahoma Constitution was amended to prohibit State-level taxation of property. Income taxes are now the largest source of revenue for the State government, accounting for approximately 38% of total state revenue - 32% from individuals and 6% from corporations.
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The Office of State Finance was created in 1947 by Governor of Oklahoma Robert S. Kerr to replace the State Budget Office. In April 2010, Governor Brad Henry appointed the Oklahoma's first chief information officer following legislation passed in the last session of 2009 modernizing Oklahoma's state government information technology system.
The state is holding 32 million unclaimed properties. Here’s how to see if you have money to claim, plus how well the Pennsylvania Office of the State Treasurer is doing with returns.
Collects State taxes and enforces tax laws State Banking Department: 40: $8,038,459.97: Regulates financial institutions Firefighters Pension and Retirement System: 10: $21,491,616.92: Provides retirement benefits for State's firefighters Law Enforcement Retirement System: 5: $5,102,979.64: Provides retirement benefits for State government law ...